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Posts Tagged ‘ bigbasket ’

Why Baidu is cautious about investing in Indian startups

Thursday, December 8, 2016 | More »

startup
Chinese web services giant Baidu is conspicuously slow and cautious in investing in Indian startups when compared to its peers Alibaba and Tencent. Though Baidu set up its India office late last year and initiated discussions with three-four consumer internet startups in India the firm has not yet p...

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BigBasket sees 300% growth in revenues; eyes Rs 2,000 cr turnover this fiscal

Online grocer BigBasket.com claims to have seen a 300% growth in revenues in the last one year and expects to cross the Rs 2,000 crore milestone in turnover by the end of this fiscal, according to a PTI report on Sunday. “In the past year alone, we have seen over a 300% growth and continue [&helli...

5 December, 2016 | More »

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Softbank-backed Grofers tweaks biz model to take on BigBasket

For on-demand online grocery delivery service provider Grofers, 2016 has been a year of change. The Gurgaon-headquartered startup not only scrapped its app-only model and launched a website; it has also quietly revamped its business strategy and operation processes. Grofers, which earlier operated o...

5 December, 2016 | More »

Pikkol

Exclusive: Pikkol raises funding from former 3M India head, Delyver co-founder, others

Bengaluru-based relocation service provider Pikkol has received seed funding from a group of angel investors, including Ajay Nanavati, former chairman of 3M India, the Indian arm of US multinational conglomerate 3M Co. and Afsal Salu, co-founder of hyperlocal delivery company Delyver, which was acqu...

26 October, 2016 | More »

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Exclusive: Housing.com ex-COO to start online grocery venture

Two former executives at property portal Housing.com are starting an online grocery delivery venture, a segment that was investors’ favourite until last year but where many startups have shut shop after struggling to find profitable business models. Former Housing.com chief operating officer Risha...

17 October, 2016 | More »

Appknox

Mobile security startup Appknox raises $650K from SeedPlus

Bengaluru- and Singapore-based mobile security company Appknox has raised S$875,000 ($650,000 or Rs 4.35 crore) in a pre-Series A round led by SeedPlus, a new seed-stage venture capital firm backed by Jungle Ventures, Infocomm Investments, Accel Partners and RNT Associates. The startup has used the ...

17 August, 2016 | More »

layoff

Grofers lays off staff, revokes campus offers

Tiger Global-backed grocery delivery firm Grofers has let go some employees and revoked campus job offers as part of a restructuring of operations, indicating the growing pains Indian startups are facing as the funding crunch deepens. “In the past couple of months, we have been making some necessa...

29 June, 2016 | More »

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How Grocermax is doing things differently in India’s e-grocery space

Few will disagree that India’s online grocery market offers vast opportunities. Few will agree, however, on how to tap into those opportunities. The recent shutdown of VC-funded online grocery firm PepperTap and the operational consolidation by Grofers clearly indicate the challenges that such del...

6 May, 2016 | More »

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What PepperTap’s shutdown means for e-grocery business

India’s third-largest e-grocer PepperTap shutting shop reveals the challenge of running a tech startup, expanding aggressively and managing customer expectations as discounts recede with longer path to profitability. It also shines some light on the complexities related to the grocery vertical...

26 April, 2016 | More »

PepperTap

Why VC-backed PepperTap shut its hyperlocal grocery business

Gurgaon-based PepperTap began its online grocery delivery business in late 2014 and quickly expanded to become the third most heavily funded player after BigBasket and Grofers. Its end was equally quick. The startup late last week decided to shut down its main business after months of rapid expansio...

25 April, 2016 | More »

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